Tag: Crypto Stocks

  • Strategy’s $13B Bitcoin Profit Sparks Market Frenzy! 🚀

    Strategy’s $13B Bitcoin Profit Sparks Market Frenzy! 🚀

    Strategy’s Bitcoin Holdings Reach New Heights Amid Market Rally

    In a significant development for the crypto market, Strategy (MSTR) has maintained its massive bitcoin position of 499,096 BTC, with unrealized profits now exceeding $13 billion as Bitcoin surges past $93,000. This rally continues the momentum that has characterized the crypto market in early 2025.

    Strategic Holdings and Market Impact

    Key highlights of Strategy’s position:

    • Total Holdings: 499,096 BTC
    • Average Purchase Price: $66,357 per token
    • Total Investment: $33.1 billion
    • Current Unrealized Profit: $13+ billion

    Dividend Announcement and Stock Performance

    In a parallel development, Strategy has announced its first quarterly cash dividend for its 8.00% Series A Perpetual Preferred Stock (STRK). The dividend details include:

    • Dividend Rate: $1.24 per share
    • Payment Date: March 31
    • Record Date: March 15
    • Prorated Period: From February 5, 2025

    The company’s stock has shown strong performance, rising 13% in premarket trading to $289, though still remaining approximately 50% below its November peak.

    Market Analysis and Future Outlook

    The substantial unrealized profit in Strategy’s bitcoin holdings demonstrates the potential of institutional bitcoin investment strategies. With Bitcoin testing new highs, the company’s position could see further appreciation if the current market momentum continues.

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    Source: CoinDesk